The NFL season begins tomorrow and with it, so does the season of raining money for sportsbooks. And Americans have their wallets open. According to a survey commissioned by the American Gaming Association (AGA), about 73.5 million Americans, or more than 25% of the adult population, plan to place a bet on the NFL this… Read more »
Game went according to plan It’s the most wonderful time of the year for sportsbooks: football season. College football first official weekend wraps up tonight and the NFL begins this week, so sports bettors also feel like it’s Christmas morning. But with all the fun people have wagering, there are also tons of bad beats.… Read more »
The 2023 college football season is less than a week away and the 2023 National Football League season is set to be in just over two weeks. Sports bettors across the nation are taking advantage of their offerings in 38 states – well, make that 37. Florida’s convoluted sports betting path took another turn last… Read more »
Another starter gone The fallout continues in the sports betting scandal that is rocking collegiate sports in Iowa. The latest: Iowa State University defensive lineman Isaiah Lee, who started in all of his team’s games last season, has left the program. Lee is one of several Iowa State and University of Iowa athletes that was… Read more »
Half a year of live testing As some online sportsbooks in the United States are falling by the wayside, Fanatics Sportsbook is forging ahead. On Wednesday, the company announced that it has officially launched its platform in Maryland, Massachusetts, Ohio, and Tennessee after six months of beta testing. “We are laser focused on solving pain… Read more »
Wynn Resorts has announced that pulling its sportsbook WynnBET out of two-thirds of the states in which it operates. “In light of the continued requirement for outsized marketing spend through user acquisition and promotions in online sports betting, we believe there are higher and better uses of capital deployment for Wynn Resorts shareholders,” said Julie… Read more »
Since the U. S. Supreme Court struck down the laws on sports betting in the States of America, it seems as if EVERY state has opened the gates to the industry. There are several reasons behind it but suffice it to say that these state legislatures have seen that there is an easy revenue stream… Read more »
Player funds are safe Flutter Entertainment has announced that it is shutting down its Fox Bet sports betting platform, effective immediately. Fox Bet is no longer taking wagers and will see its operations completed phased out throughout the month of August. After August 31, players can get to any funds still in their accounts through… Read more »
The NFL has suspended yet another player for violating the league’s gambling policy. On Monday, the league announced that Denver Broncos defensive end Eyioma Uwazurike has been banned indefinitely, which means for at least a full year. He is eligible to apply for reinstatement on July 24, 2024. The indefinite suspensions implies that Uwazurike bet… Read more »
Waiting to see extent of betting We have seen several sports betting scandals (though we’re using the word “scandals” loosely for now) involving players and coaches in recent weeks. The latest: the NFL is investigating Indianapolis Colts cornerback Isaiah Rodgers for possibly violating the league’s gambling policy. And by his reaction, it certainly sounds like… Read more »
More suspensions on the way? Though the NFL is fantastic at keeping itself in the news all year, the league is in a period of downtime at the moment, about a month after the annual draft and a few months before the start of the season. That is not to say, though, that the league’s… Read more »
When the Texas House of Representatives passed a bill to legalize sports betting in the state last week, there was a sense of excitement that finally, finally, residents of one of the largest states in the country would be able to place wagers on games. Not so fast. On Saturday, Texas Lieutenant Governor Dan Patrick… Read more »
Since the U. S. Supreme Court rejected the Professional and Amateur Sports Protection Act (PASPA) in 2018, the world of sports betting has never been the same. With one huge ruling, the SCOTUS opened the door for each state to decide what to do with the issue of wagering on sports. After a huge rush… Read more »
Much ado about nothing In what is clearly money-grab situation, a man in Florida is suing Washington Wizards star Bradley Beal in response to a confrontation after a March 21 game in Orlando. Kyler Briffa is seeking damages in excess of $50,000, alleging Beal committed battery and assault. The Wizards, who were trying to climb… Read more »
“That ain’t why I play the game.” The rise of sports betting in the United States has certainly brought people around the country a lot of fun and the sports leagues more eyeballs. One downside that I’m not sure that many people considered, though, was the negative effects the spread of betting can have on… Read more »
Bookmakers love Houston and Alabama The NCAA Men’s Basketball Tournament begins today and with it will come tons and tons of betting. The American Gaming Association projects that 68 million Americans will wager $15.5 billion during March Madness. With that in mind, let’s take a look at who the sportsbooks are tabbing as the favorites,… Read more »
Risky waters In what seems like not the best idea in the world, the WWE is discussing with gambling regulators in both Michigan and Colorado the possibility of legalizing betting on the outcomes of wrestling matches. Scripted matches. What the WWE is banking on is that regulators will buy its argument that this is just… Read more »
“Isolated lapse in judgement” A year after he was suspended for violating the NFL’s gambling policy, Jacksonville Jaguars wide receiver Calvin Ridley has been reinstated. Ridley was eligible to apply for reinstatement on February 15, which he did; the league announced its decision on Monday. “Today’s reinstatement by the NFL brings an end to a… Read more »
Online leads the way Ohio’s results for the first month of legal sports betting are in and they are good. According to figures provided by the Ohio Casino Control Commission (OCCC), operators brought in $1.11 billion in handle in January, second only to New York ($1.79 billion). There are 16 online and 14 retail sportsbooks… Read more »
Plaintiff says ads were deceptive As the number of states in which sports betting is legal approaches 40, the hottest topic in the industry right now is arguably the ethics surrounding advertising and promotions. And now Caesars is in the spotlight, sued by a customer who claims the company’s sports betting ads were deceptive. Filed… Read more »
Just over a year since New York legalized sports betting, the New York State Gaming Commission (NYSGC) approved new restrictions on advertising. The rules by and large forbid sports betting marketing to underage individuals. The regulations will not take effect for 60 days, as they must first go through a public comment period. Among the… Read more »
The Encore Boston Harbor casino in Massachusetts just can’t seem to get this sports betting thing right. For the second time in the state’s first month with legal retail sports betting, Encore Boston Harbor taken illegal wagers. And once again, the bets were taken on a Boston College women’s basketball game. In Massachusetts, though college… Read more »
Pair of Minnesota bills The expansion of sports betting in the United States continues as lawmakers in Minnesota, Georgia, and North Carolina are making pushes to either legalize wagering for the first time in their state or add to its current offerings. In Minnesota, two related bills were introduced on Monday: House Bill 2000 and… Read more »
Sportsbooks pinged all weekend Super Bowl LVII was a success all around, but don’t tell the Philadelphia Eagles. Not only was the game itself close, high scoring, and entertaining, but interest in the event was sky high, as evidenced by both betting figures and television viewership. GeoComply reported that there were over 100 million geolocation… Read more »
One kick for millions If you watched Super Bowl LVII Sunday night – and congratulations to the Kansas City Chiefs – you may have seen a quick 30-second bit in which again-retired tight end Rob Gronkowski attempted to make a 25-yard field goal. It was a promotion for FanDuel and I must say, it was…odd.… Read more »
